NewTimeSpace News:On March 11, 2026, Seatrium Limited issued an announcement stating that it has officially completed the divestment of Crescent Yard in Singapore, which is in line with the relevant plans disclosed in the company's announcement on February 23.

According to the announcement, upon the full completion of the divestment of Crescent Yard, together with the disposal projects of other non-core assets disclosed in previous announcements, Seatrium is expected to achieve annualized cost savings of over S$50 million per year, which will help the company optimize its cost structure and improve operational efficiency.

It is reported that Seatrium is a global provider of specialized engineering solutions for the offshore, marine and energy sectors, with its core businesses covering oil & gas newbuilds and conversions, offshore wind power, as well as repairs and upgrades.

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